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Property profile & analytics
OFF-MARKET
Conventional restaurants

109 S Sangamon St Lincoln, IL 62656

7,832 SF Built 1880
Entity Owned 3-yr Hold
Property ID
US28-4314461
Property summary
AI-generated overview

Over $50,000 in recent improvements! An exceptional opportunity to own a true Lincoln landmark — The Blue Dog. Established in 1979, this well-known and well-loved restaurant has been a staple of the local community for decades. Expanded in 2012, increasing seating capacity from 70 to 110, The Blue Dog continues to be a consistent crowd favorite. This turnkey restaurant is being offered fully equipped and furnished (excluding a few personal items), allowing for a seamless transition to new ownership. The property features adjacent off-street parking, a full basement, rear carport, and overhead second-floor storage/workspace. Adding further value is a second-floor, two-bedroom apartment located at 113½ S. Sangamon Street, currently rented for $700 per month, providing additional income potential. Recent upgrades and additions within the past two years include: fresh exterior paint, UV window tint, 8-tap kegerator, 6-foot flame grill with refrigerated base, two soda stations with ice bins, new deep fryer (two baskets), triple refrigerator in the kitchen, 30-quart commercial floor stand mixer, and much more! Whether you are an experienced operator or an aspiring restaurateur, this established and well-maintained business presents a rare opportunity. Smartly priced and ready for its next chapter!

Property profile
Verified
Property type Conventional restaurants
Year built 1880
Total area 7,832 SF
UPID US28-4314461
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Common Cents Home LLC · 3 yrs held
Common Cents Home LLC
since 2023
1 recorded transaction
2023
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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